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Senate approves set royalty and periodic review for brine shrimp harvesters
Summary
The Utah Senate passed First Substitute Senate Bill 76, establishing a $550,000 annual royalty on brine shrimp harvest apportioned by harvesters and requiring periodic review by the revenue and tax interim committee; the measure passed on a 24‑0 vote and is sent to the House.
The Utah Senate on Feb. 4 approved First Substitute Senate Bill 76, a measure that sets an annual royalty for brine shrimp harvesters and establishes periodic review of the formula that determines that royalty.
Sponsor Senator Orrin Hatch said the amendment responds to the industry’s market volatility and would require the revenue and tax interim committee to review the royalty at least every five years. “We threw out the high year. We threw out the low year and took an average, and then I think we added 15 on top of that average,” Hatch said while explaining how the figure was derived. He…
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